Author Question: One possible reason for Wal-Mart's success is that centralized-decision making provides economies of ... (Read 31 times)

awywial · **on:** Jun 30, 2018

One possible reason for Wal-Mart's success is that centralized-decision making provides economies of scale that allow it to aggressively bargain down wholesale prices of standard consumer goods.
Indicate whether the statement is true or false

Question 2

If firms in a monopolistically competitive industry are making economic profits:
a. firms will likely be subject to regulation.
b. barriers to entry will be strengthened.
c. new firms will enter the market.
d. some firms must exit the market.